Venezuela bitcoin news

2 days ago So you are left with a currency issued by a country in hyperinflation and in default,” dismissing out of hand the Bolivarian Republic of Venezuela's All they know are headlines touting bitcoin's spectacular price run, and that's cause enough to fear Petro as a sanctions killer. Not up to date on the news? spend bitcoin cash
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18 hours ago According to a report by the International Business Times, the most profitable place to mine bitcoin (and any other cryptcurrency) is Venezuela due to the low costs of electricity, which make this activity very attractive when compared to other places: Mining one bitcoin costs less than.

Venezuela Prepares for the Launch of the Petro - NewsBTC

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Dec 14, 2017 BlockExplorer News Bitcoin Morning Brief w/ Jimmy – Poloniex, Bits, UnitedBitcoin, Venezuela & BTCUSD Price . Looking at the situation one quarter later, it is clear to us that the Blockstream fork of bitcoin diverges so radically from the ideas presented in the Bitcoin white paper, that it is an evolutionary eth zurich
Sep 14, 2017 "If you were in Venezuela or Ecuador or North Korea or a bunch of parts like that, or if you were a drug dealer, a murderer, stuff like that, you are better off doing it in Bitcoin than US dollars," he said, according to The Guardian. "So there may be a market for that, but it would be a limited market." Bitcoin is a TV Service Center in Hyderabad - Google Groups
Dec 29, 2017 - 2 min - Uploaded by Bitcoin NewsVenezuela To Launch Oil Backed Petro Cryptocurrency Within Days - Bitcoin News 12/28

2 days ago In a rare inside look at the Venezuelan bitcoin mining world, we discover that it is fraught with extortion, raids, and secrecy. The country of Venezuela continues to make headlines as fraud and corruption tear it apart. Yet in this horrendous environment, cryptocurrencies can still thrive.
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Dec 20, 2017 A total of 21 Bitcoin miners were found and seized in a warehouse located in the city of Barquisimeto, in Lara state, Venezuela, according to a local newspaper. The quoted source indicated that inside the aforementioned place, a total of 21 Bitmain miners, along with 18 power supplies of the same brand, MOASP 167- Venezuela, Bitcoin Mining, and Jail Time - PodOmatic
Dec 3, 2017 In my previous article, “The New Era of Bitcoiners,” I discussed how Venezuelans are adopting Bitcoin more rapidly than other areas of the world out of necessity. A week after I published that piece, I heard Leonardo De Barros on The Bitcoin News Show talking about this exact topic. I remember feeling

Jan 4, 2018 More on Bitcoin; What Is Poloniex? Bitcoin and Cryptocurrency Prices Recover After Coincheck Hack; Circle (Financial Services Company); What Is Ripple Swell? Embattled Venezuela, whose economy has been crippled by high debt and U.S. sanctions, is turning to cryptocurrencies to fix its economy.
Dec 15, 2017 Venezuela has always been a remarkable place when it comes to Bitcoin and cryptocurrency. More specifically, it seems Bitcoin will make a big impact in the country at some point. Unfortunately, the Venezuelan government isn't too keen on Bitcoin or other cryptocurrencies. Miners will now have to register ethereum wallet github
Jan 13, 2018 He pledged the Venezuelan cryptocurrency will “advance in monetary sovereignty, to make financial transactions and to vanquish U.S. economic blockade.” bitcoit-11218 An ATM machine for digital currency Bitcoin is seen in Hong Kong on December 18, 2017. Countries like Venezuela and Russia have 3 hours ago Bitcoin, . dogecoin . ou Latest . opinion . and . statistics . on . the . direction . of . house . prices . from . thousands . of . members . and . news . . Visit . . to . find . out . the . actual . sold . house . prices . direct . from . the . Land . Registry . . The . Bubbly . Bitcoin . Thread . -- . Merged .
Dec 14, 2017 Amid raids and arrests, a decree from Venezuelan officials says miners of bitcoin will be required to register with the state. It has been murmured by some that cryptocurrencies may be an answer to Venezuela's financial woes. Earlier this month, President Nicolás Maduro announced the state would issue

Jan 10, 2018 The Venezuelan parliament has declared the oil-backed cryptocurrency created by President Nicolas Maduro illegal and in violation of the country's Constitution. Maduro's decree to create the national cryptocurrency, the petro, has been declared null and void.
2 days ago Venezuela's Oil-Backed Cryptocurrency Declared Illegal | Crypto News2018-01-10In "Bitcoin". Venezuela Seeks Miners for the Petro – Maduro Claims 860,811 Already Signed Up | Crypto News2018-01-04In "Bitcoin". Maduro Orders the Issue of 100M Petros, Venezuela's Oil-Backed Cryptocurrency mining ethereum on a laptop
Venezuela plans its own version of bitcoin - ECayOnline NewsVenezuelans are Adopting Bitcoin in Order to Survive. By UseTheBitcoin in Cryptocurrency News Home December 17, 2017. You were complaining because this year's inflation couldn't arrive at 2 percent? Well, Venezuela is known as the country with the highest inflation in the world. As of October, inflation hit 536 percent
Jan 3, 2017 The Register notes that the recent rise of Bitcoin may be attributed to the removal of high-value bank notes in India and Venezuela, but perhaps more significantly to the steady devaluation of the Given the country in which the most prolific miners operate, the news could raise fears about state control.

The Story of Bitcoin Cash in Venezuela So Far… - Crypto Reader

Jan 4, 2018 Cryptocurrency news: Russian and Venezuelan officials aim to use digital currency and blockchain technology as a handy tool to bypass U.S. sanctions. like Venezuela and Russia embracing crypto, given their past unease with the ways citizens of their own nations have found to use bitcoin to transfer
Dec 4, 2017 Over the past year, the Venezuelan bolivar has plummeted 95.5% against the dollar on the black market. Virtual currency is not new for Venezuela - considered by specialists a haven for bitcoin production with minimal costs. It is estimated that tens of thousands of people mine bitcoin to protect themselves ethereum kaufen
Venezuela To Launch Oil-Backed Petro Cryptocurrency Within Days Venezuelans Escape Currency Collapse with Bitcoin - Latin
Jan 19, 2018 NEWS. Venezuela's government is pushing back against what it calls "false information" in connection with a purported white paper tied to its planned oil-backed cryptocurrency. While the South American nation did not confirm exactly what this false information constitutes, the superintendent of Venezuelan

Dec 31, 2017 The Venezuelan government has published a decree outlining the operation of Venezuela's national cryptocurrency, the Petro. It details the government's plans for the new currency, including its issuance, mining, and trading. In addition, the Petro will be backed by 5 billion barrels of crude oil.
Jan 8, 2018 VENEZUELA has launched a brand-new cryptocurrency today - nicknamed the 'petro' - which will be backed by the country's deep oil reserves. coinomi ethereum
News: NiceHash hack, Bitfinex makes the news, Steam drops Bitcoin, SEC vs ICO, Venezuela, book news, I have to mention CryptoKitties. by: David Gerard; In: Uncategorised; On Dec 06,2017; Comments: 1; Tags: attack of the 50 foot blockchain , bitfinex , cryptokitties , ico , links , nicehash , sec , steam , venezuela.Dec 11, 2017 President Nicolas Maduro said on television last week that the new digital currency, named the 'petro', will be backed by oil, gas, gold, and diamonds, the news agency Reuters reported. The leader of the country with the world's highest inflation is yet to reveal how the currency will work. Venezuela has
2 days ago Yet despite no laws against mining bitcoin in Venezuela, police have been arresting those caught doing so, making it a risky proposition. It's also worth noting that Venezuela is planning to launch its very own Petro coin, backed by the country's oil reserves. Inflation in Venezuela has been off the charts

Jan 6, 2018 Venezuela's own bitcoin-like cryptocurrency — the petro. Venezuelan President Nicolas Maduro has ordered the release of 100 million units of a new digital currency, the "petro." Some 100 million of the currency, known as the petro, are to be circulated — supported by the country's oil reserves, Maduro said.
Dec 4, 2017 Maduro said the Venezuelan cryptocurrency would be backed by the country's oil, gold, gas and diamond reserves. Venezuela is Bitcoin has enjoyed a stunning rise, soaring more than 1,000% in value this year. It started 2017 at less So far, no further news of the "rabbit plan" has emerged. CNNMoney turbo bitcoin
Dec 16, 2016 Bitcoin users still represent a tiny minority, but some believe that the currency will become more popular in Venezuela as economic uncertainty escalates. And unlike many news organisations, we haven't put up a paywall – we want to keep our journalism as open as we can. So you can see why we need Bitcoin atm venezuela - Jordens Vanner
Dec 8, 2017 In Venezuela, Bitcoin mining has caused blackouts while experts say the mass amounts of energy consumed could instead be used to power homes and businesses. The virtual currency is in an extremely volatile phase following enormous value growth in recent weeks. Bitcoin lost almost a fifth of its value

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Dec 13, 2017 FILE - In this April 3, 2013 file photo, Mike Caldwell, a 35-year-old software engineer, holds a 25 Bitcoin token at his shop in Sandy, Utah. As Venezuela's national currency loses value at a catastrophic rate, thousands have begun turning to the world of cryptocurrency to salvage what little value remains Jan 4, 2018 Venezuela launches nationwide recruitment for the Petro mining farms. Mining (URDM) will stay open until January 21 to accept application from miners and provide access to the new digital currency, reports local newspaper El Impulso. China C-Bank May Try Indirect Regulation of Bitcoin Mining
Dec 5, 2017 Seeking shelter from the economic turbulence, Venezuelans have actually turned to Bitcoin as a healthier financial alternative. Low energy costs have made mining attractive to tech-minded citizens, who then trade their Bitcoin for US dollars or use it to purchase otherwise expensive products online.

1 day ago Venezuela – a country which has been laden with sanctions by the U.S, is adopting the path of cryptocurrencies to provide some oxygen to its ailing economy. Last month in Dec. 2017, country president 'Nicolás Maduro' announced his plans for launching a state-owned cryptocurrency named 'Petro'.
News. Venezuelan Government Cracks Down On Bitcoin Mining. Venezuelan citizens have been turning to bitcoin for some economic stability as the government continues to crack down on cryptocurrency mining in the country. By. Ali Raza. -. December 15, 2017. 0. 34. 0. 0. 0. Cryptocurrency investors all over the world huobi ethereum
Venezuelan Bitcoin Miners Bribed and Thrown in Jail by Secret Police. by News Room | Mar 13, 2017 | Bitcoin News | 0 comments. Over the past few months, officials in Venezuela have been cracking down on underground Bitcoin mining operations within the country. According to various reports, Venezuela's secret police Bitcoin – the emperor has no clothes | Business, News, The
Dec 15, 2017 President Nicolas Maduro said on television last week that the new digital currency, named the 'petro', will be backed by oil, gas, gold, and diamonds, the news agency Reuters reported. The leader of the country with the world's highest inflation is yet to reveal how the currency will work. Venezuela has

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Dec 14, 2017 Bitcoin demand surged in China and Russia, where central banks put a stop to local exchange trading, and in Venezuela, Brazil and Colombia.
Dec 4, 2017 Bitcoin rallied as high as $11800 in Asia trading on Monday, adding to its vast returns this year and providing good news for advocates of cryptocurrencies – a group that now apparently includes Venezuelan president Nicolas Maduro. transaction in bitcoin
The idea behind bitcoin is one that – when looked at against a backdrop of fiat currencies and traditional sovereign state-led regions – has the potential to help overcome a range of existing issues. Things like inflation, which have long been considered a built in derivative of a cash backed financial system and a necessary Nov 7, 2017 Busy is a decentralized social network based on Steem blockchain.
Dec 3, 2017 A US regulator recently said it would let two traditional exchanges begin trading in Bitcoin-related financial contracts, although the digital currency continues to prove volatile. Venezuela owes an estimated $140bn (£103bn) to foreign creditors and economists suggest Mr Maduro is looking to try to pay them

“Bitcoin is a cybercriminal system”: Venezuela tightens screws
Jan 16, 2018 The U.S. Treasury Department on Tuesday warned that Venezuela's proposed "petro" cryptocurrency could violate sanctions against the OPEC nation's Maduro is seeking to capitalize on the success of cryptocurrencies like bitcoin by creating one for Venezuela as its traditional currency, the bolivar, ethereum mining blog
Upbitcoin register18 hours ago Reddit detectives have done it again. A fake charity which requested donations for Venezuelans during hardship has been busted using a fake image as proof that children had supposedly received food shipments exchanged for BTC. Redditors immediately noticed the poor quality of the image and raised
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Dec 28, 2017 In a new twist to the cryptocurrency craze, Venezuela, the South American oil giant in default on some of its dollar bonds, plans to issue its own digital unit, dubbed the petro. "It is a matter of days before we announce the first issuance of the 'petro' cryptocurrency," Information Minister Jorge Rodriguez said
Jan 26, 2017 Reports from Venezuela indicate that the nation's federal police took four Bitcoin miners into custody today after arresting them in Charallave. The news, reported by Bitcoin news site Criptonoticias, revealed that the suspects were all charged with cyber fraud and electricity theft. Cuerpo de Investigaciones ruins of elune eth
Jan 3, 2018 SAN FRANCISCO — Russian and Venezuelan officials are hoping virtual currencies can help their countries make an end run around American sanctions. Both governments, with ambitions to create state-sponsored cryptocurrencies, are looking to take advantage of the promise that Bitcoin introduced to Dec 13, 2017 Blockchain and cryptocurrency news powered by investFeed. Check out the latest stories, press releases, and more over on investFeed Edge.
Dec 4, 2017 President Nicolas Maduro said on Sunday Venezuela would launch a cryptocurrency to combat a US-led financial 'blockade,' although he provided few clues about how the economically crippled OPEC member would pull off the feat.

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Jun 19, 2017 Bitcoin News Today - The Bitcoin price seems to be consolidating over $2500 during the past few days and Ethereum seems to be consolidating over the $350 mark. Both have had enormous This Platform Claims to be Venezuela's First Regulated Bitcoin Exchange – Moneycoin Cashless Sweden Will what is 50 bitcoins worth
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Dec 4, 2017 The motivation for Venezuela President Nicolás Maduro to launch a second currency isn't surprising. Venezuela's economy has been collapsing. The nation faces rampant inflation, huge debt, and strict sanctions imposed by the U.S. Meanwhile, cryptocurrencies like bitcoin have skyrocketed in value.

Oct 19, 2017 Bitcoin is not the new gold, Goldman Sachs says Bitcoin Exchange LocalBitcoins Posts Fourfold Trading Volume Increase in Venezuela Vanuatu denies it will accept Bitcoin for its $ 200,000 citizenship program - Business
Dec 13, 2017 CARACAS, Venezuela — In the last month, John Villar has bought two plane tickets to Colombia, purchased his wife's medication and paid the employees of his startup business in Venezuela — all in bitcoin. ethereum usd conversion
Oct 24, 2017 Agence-France Presse (AFP) reports Venezuelans hard-hit by hyperinflation are still apt to mine the world's most popular cryptocurrency, even though they're subject to immediate arrest for energy theft, or even extortion, by police. Venezuela's national currency, the bolivar, has all but crashed.Venezuela: Bargeld durch Hyperinflation praktisch wertlos — immer
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1 day ago On December 3, 2017, Venezuelan president Nicolas Maduro announced plans to create a national cryptocurrency called the 'Petro' that will be backed by the country's natural resources, most notably its substantial oil reserves. Currently, Venezuela is facing US government led sanctions that make moving
Dec 27, 2017 Venezuela's currency has been losing value at a very high rate something which has seen many of its citizen's turn to Cryptocurrency to save the remaining value of their savings before it's too late. This is making many people in Venezuela see Bitcoin as a matter of survival thus ignoring all the talk around claymore eth
Dec 6, 2017 0 comments. Venezuela Creates its Own Bitcoin in Hopes to Survive National Debt. Tasnim News Agency/Wikimedia Commons. Venezuelan President Nicolas Maduro announced that he would work with government leaders to create a cryptocurrency and save the failing financial situation in his country.Dec 30, 2017 The Bank of England could green light its own Bitcoin-style digital currency as early as 2018, The Telegraph can disclose.
Jan 14, 2018 Bitmain and are moving to Canada and energy producer Hydro Quebec said it is in talks with as many as 30 other cryptocurrency mining businesses.

The Crackdown On Bitcoin Continues In Venezuela | Bitcoin Chaser
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29. Dez. 2017 Venezuela leidet unter einer hohen Inflation, mit Hilfe des Petro will man sich offenbar unabhängig vom Dollar machen und sich wieder Zugang zum internationalen Zahlungsverkehr verschaffen. Künftig sollen auch Diamant- und Goldvorkommen im Land zertifiziert werden, um die neue Kryptowährung Sep 26, 2017 In order to deal with ever-growing issues with hyperinflation, the country of Venezuela may soon decide to adopt a new currency: Bitcoin. As explained by CoinTelegraph, Bitcoin has been the subject of a massive amount of mining and purchasing over the last few months, leading to a number of rumors
Dec 5, 2017 Venezuela's Own Digital Coin. Cryptocurrencies are raising in value, and Venezuelan President Nicolas Maduro has intention to get involved in this market. The authoritarian leader on Sunday announced plans for a bitcoin-like virtual currency named the “petro.” He expects the new cryptocurrency will

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Apr 12, 2017 In a broader sense authorities have not hesitated either to institute blocks on news sites to curtail negative stories, especially economic ones. Whether or not Venezuela's bitcoin community can survive the cull from police remains to be seen. Bitcoin's moment in Venezuela may have been just that,
Sep 1, 2017 It is named CloudCoin, perhaps most easily described as being similar to Bitcoin, but cloud-based. The developers They tested out their app available online and on Android phones (with one for iPhones in the works) in Venezuela this past year and said people who tried it liked it and caught on quickly. when is ethereum going to go up
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Dec 14, 2017 Venezuelan government is requiring Bitcoin (Bitcoin) miners to join an online registry, reported. The announcement of the new registry was made at a recent press conference by Carlos Vargas, the newly appointed “superintendent of Venezuelan cryptocurrency.” Vargas says: “We want to
Oct 19, 2017 Bitcoin surges through the $5,000 level on October 12, 2017 for the first time since the launch of the unregulated virtual currency more than 8 years ago. (PhotoAFP) (AFP). At 1400 percent, Venezuela's inflation rate is highest in the world as the South American country struggles after years of political turmoil sell bitcoin in japan
Mar 10, 2017 Venezuela's crackdown on the bitcoin industry started in March 2016 with the arrest of two miners in the city of Valencia. According to news accounts of their arrest, Joel Padrón, 31, and José Perales, 46, were charged with electricity theft and possessing contraband computers. But miners and bitcoin users Jan 6, 2018 SCOTT SIMON, HOST: Venezuela and Russia have announced plans to launch their own cryptocurrencies, trying to imitate the recent success of bitcoin. Venezuela has dubbed its version the petro. Analysts say cryptocurrencies may be a way for both Venezuela and Russia to sidestep financial sanctions.
Dec 4, 2017 The sanctions also cut into the dividends that PDVSA's US subsidiary Citgo may send back to Venezuela. The announcement comes the same week as the world's most popular cryptocurrency Bitcoin has broke past its $10,000 value mark, growing more than 11-fold since the beginning of the year.

5 days ago We'll also have some special guests on the air to help talk everything over. The stream starts this Thursday at 9PM Eastern and we'll go as long as we have to. See you there! Eduardo Knows Firsthand: Bitcoin Is Necessary to Survive in Venezuela – YMB Podcast E209 · Venezuela Will Create New 'Petro'
Dec 22, 2017 Regardless of mainstream reservations, rampant speculation, and a near-certain chance of bust, Bitcoin is here to stay. Cryptocurrencies will transform the way we identify, manage and mitigate political risks across borders – and Venezuela offers a perfect case study. Understanding the hype. Regular radeon r9 390 hashrate ethereum
Dec 15, 2017 IN THE last month, John Villar has bought two plane tickets to Colombia, purchased his wife's medication and paid the employees of his start-up business in Venezuela — all in bitcoin.Venezuela Will Force Bitcoin Miners to Register With | Bitcoin News
Jan 3, 2018 Beyond the United States, Bitcoin is also popular in China, South Korea, Japan, Russia, Nigeria, South Africa, and Venezuela for a variety of reasons. In Venezuela, for example, hyperinflation and harsh currency controls from the government has made Bitcoin a more stable investment and a way to get

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Jan 22, 2018 Interesting post on /r/Bitcoin from a Redditor who compares the different options for storing value in Venezuela. "I know a lot of people who sold everything they could to leave the country and took their money to bitcoins through @LocalBitcoins." Aug 24, 2017 Venezuela's subsidized electricity is allowing desperate users to mine bitcoin for their basic necessities, the Atlantic reports.
In order to actually use the online registry, Bitcoin miners will have to sign up. This is pretty significant news considering this online registry is Venezuela's first move in creating a legal system that will control and oversee digital currency mining in Venezuela. Essentially Venezuela believes that this online registry will help

Jan 2, 2018 We've mentioned the rumors that Russia and Venezuela were working on their own cryptocurrencies in the past, but recent news indicates that both countries will be cashing in on The petro will be different from bitcoin and other cryptocurrencies because it will be backed by hard assets, Rodriguez said.
Oct 23, 2017 Around 100000 Venezuelans are mining for bitcoin, with some earning around $800 a month. augur ethereum
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Dec 5, 2017 Bitcoin's current success is good news for the few investors who have already bought the cryptocurrency, but it doesn't make it something that would immediately work as a national currency. Very few people are actually using bitcoin to buy and sell legal goods, since the price of the cryptocurrency

4 hours ago Venezuela's President Nicolas Maduro said the country is pushing ahead with plans for the first sale of its cryptocurrency next month, and developing plans for its use with a national ID card held by at least 15 million Venezuelans. The first sale of the petro will take place Feb. 20 and a number of “mining
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Jan 4, 2018 For years, bitcoin traded in a much lower range due to its novelty, a spate of negative news such as the 2014 hacking of the now-defunct Mt. Gox bitcoin more merchants are taking it; bitcoin is becoming a way for people to store their wealth in troubled economies such as Venezuela; bitcoin has just gone
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Dec 14, 2017 Bitcoin mining has exploded in Venezuela due to the country's massive hyperinflation. Now the Venezuelan government is requiring bitcoin miners to join an online registry. It seems that the misery of the Venezuelan people knows no end. The South American country's economy has been hammered by Venezuela bitcoin use popularity restrictions and - A Bit of News
Simon Golstein | News ( CryptoCurrency ) | Thursday, 04/01/2018 | 10:58 GMT. Venezuela Begins Registry of In August, CNBC called Venezuela one of the most dangerous places to mine Bitcoin. Although it is We want to move towards the regularization of digital mining in Venezuela,” according to Criptonoticias.

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Dec 13, 2017 The bitcoin mining industry is exploding in Venezuela, both on a small scale, with tech-savvy citizens running racks of machines in their homes, and as a covert industry, with thousands of specially-designed computers hidden in warehouses and office buildings. Mining is uniquely profitable in Venezuela largest ethereum wallets
Jan 10, 2018 On December 28, 2017, the Venezuelan government announced that it would launch a new oil-backed cryptocurrency, the "petro" within "days." Apparently, the Venezuelan government, inspired by the success of cryptocurrencies like Bitcoin, Litecoin, Ethereum, Dash, Ripple and others, has concluded that 1 day ago This agency was created in order to track people mining bitcoin as Venezuelans started to use the digital currency in an effort to hedge themselves against . JPY markets appear to have shrugged off news that the Japanese-based exchange Coincheck lost ~US$400 million in NEM in a recent hack.
Dec 3, 2017 Venezuela's Nicolas Maduro says his country will launch a cryptocurrency to combat a US-led financial blockade, but opposition leaders immediately Mr Maduro's move away from the US dollar comes after the recent spectacular rise of bitcoin, which has been fuelled by signs that the digital currency is

Jan 4, 2018 Venezuelan President Nicolas Maduro has also backed the Petro with 5 billion of barrels of oil reserves, according to "This is going to allow us to move forward to new ways of international financing for the country's economic and social development," Maduro said during his weekly television
Jan 14, 2018 Venezuela's president Nicolas Maduro has called for 10 other countries to adopt his planned oil-backed cryptocurrency, the petro. This move follows the country's parliament declaring the issuance of this new currency illegal. ethereum smart contract languages
This Week in Bitcoin: The IRS Targets Coinbase, Venezuela to Mint Its Own Cryptocurrency. Share This Article. December 12, 2017 8:21am CURRENCY:BTC France's President asks for tougher sanctions against Venezuela
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Jan 6, 2018 It would appear some details regarding Venezuela's own cryptocurrency have come to light. We already know it goes by the name of Petro. Moreover, this is an oil-backed currency. It is also a response to the worsening financial crisis in Venezuela today. It seems President Maduro has ordered the

Dec 4, 2017 Bitcoin and other cryptocurrencies thrive because they are free of government control. In other words, the value of each Bitcoin is determined by forces largely outside the remit of any single government. One of the cryptocurrency's fundamental design principles is the idea that no entity can arbitrarily Venezuela Drops Overvalued Exchange Rate For State Imports

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Dec 16, 2017 Adoption of Bitcoin Picking Up Speed in Venezuela, Called “Lifesaving” Currency. Venezuela’s hyperinflation has rendered the national currency, the Bolivar, nearly worthless. One Venezuelan, John Villar, knows the struggle of having a his national currency become worthless